KRAKEN:LTCUSD   Litecoin / U.S. Dollar
Litecoin Market Breakdown - July 1st, 2020

  • If Litecoin closes over this $41.77 support/accumulation level i'm entering long with tight 1% drawdown SL on spot.

  • So why i'm being cautious with these coins, especially litecoin and I haven't done a read on this in a minute because nothing really has changed just been looking and waiting for entry, this is the $42 support I always talk about.

  • The closure of a bullish-looking 4H candle above this support is huge in my opinion and is good enough for me to enter a fomo long.

  • If the price rejects again from this level it's going to fall back down to a little under $40. I'm risking 1% for a minimum 5% on spot, so let's see what happens.

Let me know your thoughts down below
Comment: Entry point touched @ $41.77, waiting on decent closure above $41.77 to enter. Patience
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